Wipro Stock Surges on Possibility of Former LTI CEO Jalona’s Entry

On Friday, December 22nd, Wipro shares soared nearly 7% intraday solely based on market speculation around Jalona’s hiring.

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Wipro Stock Surges on Possibility of Former LTI CEO Jalona’s Entry

On Friday, December 22nd, Wipro shares soared nearly 7% intraday solely based on market speculation around Jalona’s hiring.

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There was lots of buzz in the stock market last week about Wipro possibly hiring their former employee Sanjay Jalona.

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Jalona used to work at Wipro many years ago before becoming the CEO of another tech company called L&T Infotech.

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Apparently just the rumor of Jalona joining Wipro again caused their stock price to jump up almost 7% in one day!

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The company hasn’t been growing as quickly as competitors and their profits have decreased.

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He helped revenue grow over 6 times from $400 million to $2.5 billion! Profits also increased steadily under his guidance.

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